In a High Mortgage Rate Environment – What Are Your Options to Buy a Home?
Buying a home is one of the most significant investments you’ll make. Low mortgage rates have made it easier for people to afford their dream homes over the last dozen years. In 2023, home mortgage rates have been soaring, causing problems for people who want […]
View moreHome Warranty Scams
Home warranty scams are rising. with millions of dollars lost to fraudsters each year. These scams can take many forms, but they all share one common goal: stealing your money. Scammers often pretend to be from companies you know and trust. For example, TEG Federal […]
View moreRefinancing a HELOC or Home Equity Loan
If you have either a home equity line of credit (HELOC) or a home equity loan, you may have considered refinancing to get more favorable terms or to save money on interest. Before you refinance, however, there are some important things to consider to make […]
View moreHELOC & Home Equity Loan Tax Deductions
There are many perks to being a homeowner. When you buy a home, for example, the down payment and monthly mortgage payments you make help to grow your equity. Many people take advantage of their home equity by taking out either a home equity line […]
View moreRising Home Prices and Your Home’s Equity
In just the past two years, home prices all across the nation have increased significantly. If you’ve been wondering what’s going on, the following overview can help you understand why prices are rising and how they affect your home’s equity. Why Are Home Prices Rising […]
View moreHELOC vs. Home Equity Loan When Interest Rates Rise
Many people tap into their home’s equity with either a home equity loan or a home equity line of credit (HELOC). They may use the money they borrow for a home improvement project, to buy new appliances, or for something else. A question that borrowers […]
View moreHow Do Home Equity Loans Work?
A common way that many homeowners borrow money is with a home equity loan. The money you borrow can be used for many different purposes, and the interest rates are usually lower than other borrowing options, like personal loans. The following overview can help you […]
View moreGuide to Home Equity Lines of Credit (HELOCs)
If you’ve built up some equity in your home, you might be thinking about tapping into the cash to fund renovations and anything else you have on your plate. You might also be wondering how a home equity line of credit works. A home equity […]
View moreHome Equity Loans & HELOCs
First-Time Homebuyer
Selling Your Home During COVID-19
Selling a home is a move people generally plan years in advance, and 2020 was no different. For many homeowners, the hot real estate market of spring and summer of 2020 was going to be the season they put their homes up for sale. And […]
View moreFinancing a Home Renovation with a Home Equity Loan
Q: I’m doing some home renovations, and I’m not sure how to finance it all. Do I take out a loan? Should I just charge all the expenses to my credit card? There are so many options! Which one makes the most sense for my […]
View more7 Ways to Celebrate Earth Day at Home
Earth Day, recognized on April 22, is an annual event that celebrates environmental protection and raises public awareness about pollution. And this year, 2020, is Earth Day’s 50th anniversary. Here are some easy, eco-friendly ideas you can do at home in honor of the holiday. […]
View moreWorking from Home
The coronavirus pandemic has taken the world as we know it and turned it upside down. Hospitals are scrambling to meet the needs of their patients as the federal and local governments are issuing stricter guidelines to help stop the spread of the virus. As […]
View moreFun Activities to do at Home with Your Kids
Here are some fun activities to keep your kids busy while you wait out the pandemic at home: TEG Coloring Pages: Take a coloring break with our TEG Coloring Pages. Print out the images below and color away! Be sure to upload your finished artwork […]
View moreHomebuying Coffee Talk
CANCELED Saturday, March 28 9 am — 11 am 1 Commerce St., Poughkeepsie NY 12603 Our Mortgage Officer, Stephanie Barone, will be on hand to discuss the homebuying process over refreshments. Topics will include: -Factors that will affect buying a home -What mortgage lenders look for in […]
View moreRefinance Calculator – Should I refinance my home?
How much of a down payment should I make on my new home?
What is the Loan to Value Ratio on my home?
Your Home Loan Toolkit
1 TEGFCU Home Page
TEGFCU Middletown Branch
Navigating the Volatile Housing Market
Should You Buy or Sell Now? The housing market is always changing, and in recent years, it has become more unpredictable. This has left many potential buyers and sellers wondering whether it is the right time to move. Factors Contributing to Housing Market Volatility Several […]
View moreHow life events can change your housing needs.
Are you contemplating buying a home this year? Taking such a significant leap forward is a crucial milestone. Life-changing events such as marriage, divorce, job opportunities, or just the desire for a better lifestyle often spur this decision. We’re aware that today’s economic climate and […]
View moreConstruction to Perm Loan
Free Community Shred Events
Shred it. Don’t regret it. Fraud and identity theft have become an epidemic in our communities, and to raise awareness and promote prevention, we host these FREE community service shred events for you, our members. TEGFCU hosts these events to provide community residents and businesses […]
View moreKevin Arduino – Mortgage Loan Officer
Why Should I Shred My Documents?
Darren DiBenedetto – Mortgage Loan Officer
What is an Adjustable-Rate Mortgage?
What do I need to know about Adjustable-Rate Mortgages? An adjustable-rate mortgage, or ARM, is a home loan with an interest rate that can change periodically. This means that your monthly mortgage payment could go up or down over the life of your loan. ARMs […]
View moreScott McNally – Mortgage Loan Officer
Matthew Bannan – Mortgage Loan Officer
Jessica Schoen – Mortgage Loan Officer
Jeffrey Shields – Mortgage Loan Officer
Mobile Apps
Adjustable Rate Mortgages
Business Vehicle Loans
BUSINESS VEHICLE LOANS Local Decisions Personalized Service Flexible terms Competitive Rates Knowledgeable Experts Community Partner Not a TEGFCU Business Member Yet? Find Out if You Are Eligible for Business Membership. Turn the key and hear the sound of the engine enabling your employees in the […]
View moreBusiness Equipment Loans
BUSINESS EQUIPMENT LOANS Local Decisions Personalized Service Flexible terms Competitive Rates Knowledgeable Experts Community Partner Competitive Rates Knowledgeable Experts Community Partner Not a TEGFCU Business Member Yet? Find Out if You Are Eligible for Business Membership. A company is only as good as the equipment […]
View moreConstruction Loans
CONSTRUCTION LOANS Local Decisions Personalized Service Flexible terms Competitive Rates Knowledgeable Experts Community Partner Not a TEGFCU Business Member Yet? Find Out if You Are Eligible for Business Membership. The impact of the construction industry on the economy cannot be overstated. Playing a pivotal role […]
View moreCommercial Mortgages
COMMERCIAL MORTGAGES Local Decisions Personalized Service Flexible terms Competitive Rates Knowledgeable Experts Community Partner Not a TEGFCU Business Member Yet? Find Out if You Are Eligible for Business Membership. Every business needs a place to call home. Maybe you’re ready to buy a property or […]
View moreRenovation Loan
The national trend of homebuyers seeking out properties in need of renovations has established a firm foothold in the Hudson Valley, where low inventory and a critically-low inventory of turnkey houses, have repositioned the market. As a result of these shifting sands, many homebuyers are […]
View more5 C’s of Credit: Capacity
There comes a time when everyone needs to start prioritizing their credit score. Whether you’re applying for a credit card or a loan, your credit score impacts your ability to access these products. There are five major factors to consider, often referred to as the […]
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